Listed for:Listed 21 days ago
$2,700,000

164 Milky Way Drive

Richmond Hill (Observatory), ON L4C 4Y3

Detached House For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 164 Milky Way Drive, Richmond Hill, Observatory

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 164 Milky Way Drive, Richmond Hill, Observatory

Summarized Description

  • Luxury three-storey detached home in Observatory Hill.
  • Over 6,000 sq. ft. of living space.
  • Rare three-car garage and two driveway spaces.
  • Four bedrooms, each with private ensuites.
  • Upgraded kitchen with premium Wolf and Sub-Zero appliances.
  • Versatile third-floor loft and expansive unfinished basement.
  • Close to parks, schools, and transit options.
  • 10-ft ceilings and hardwood flooring throughout.

Luxury three-storey detached home in Richmond Hill's sought-after Observatory Hill! Offering over 6,000 sq. ft., including the unfinished basement, this south-facing property features a rare three-car garage, two driveway spaces and no sidewalk. Four spacious bedrooms each offer a private ensuite. Highlights include 10-ft main-floor ceilings, hardwood throughout, a main-floor office, second-floor laundry and a family room with waffle ceiling and gas fireplace. The upgraded kitchen features premium Wolf, Sub-Zero and Asko appliances, a generous breakfast area and backyard walkout. A versatile third-floor loft and expansive unfinished basement offer endless possibilities. Interlocked driveway and backyard. Close to parks, schools, GO Transit, Highways 404/407, shopping and dining.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$13,060
Land Transfer Tax Fee
$53,975

Rental Items

Rental Equipment
HWT

Basement Type
Partially Finished

Interior Features

Interior Extras
Bar Fridge, Built-In Oven, Central Vacuum
Fireplace/Stove
Yes
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Detached
Building Style
2 1/2 Storey
Approx Age
6-15

Construction

Exterior Finish
Brick, Stone
Roof
Asphalt Shingle
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
44.95 ft
Lot Depth
98.52 ft

Inclusions

Inclusions
Built in SUB-ZERO Double Door Fridge/Freezer, B/I WOLF Microwave/Oven, B/I ASKO Dishwasher, WOLF Induction Cooktop, WOLF Range Hood Fan, LG Washer & Dryer, All Elfs, All Window Coverings, Cvac, Fresh Air Exchanger, Gdo & Remotes, 2-Furnace/AC, 3-Car Garage, Glass Enclosed Porch, Custom Upgrades, 3rd Floor South Patio/Terrace, Beautiful Waffle Ceiling in Family Room

Parking & Garages

Garage Type
Built-In
Garage Spaces
3
Parking Spaces
2
Total Garage And Parking Spaces
5

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Bedrooms
4 + 1
Washrooms
6
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Dining Room—
    Main level, Hardwood Floor
  • Family Room—
    Main level, Hardwood Floor, Fireplace
  • Office—
    Main level, Hardwood Floor
  • Bedroom 4—
    Second level, Hardwood Floor
  • Loft—
    Third level
  • Bedroom 2—
    Second level, Hardwood Floor
  • Bedroom 3—
    Second level, Hardwood Floor
  • Kitchen—
    Main level, Porcelain Floor
  • Common Room—
    Third level, Hardwood Floor
  • Primary Bedroom—
    Second level, Hardwood Floor

Washrooms

  • 3-piece, Third
  • 5-piece, Second
  • 3-piece, Second
  • 2-piece, Main

Municipality
Richmond Hill
Neighbourhood
Observatory
Main cross streets
Bayview & 16th
Directions
Bayview & 16th

MLS® number
N13874004
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-07
Updated on
2026-10-23
Days on market
21 days
Possession date
2026-12-01
Possession type
30-59 days
Co-op commission
2.5% + HST
Seller
Listed by
RE/MAX REALTRON REALTY INC.

Home Market Value

Current home valuation for 164 Milky Way Drive, Richmond Hill, Observatory, Richmond Hill, ON. Listed for $2,700,000

HOMEH Estimate

?

$2,679,336

Estimated Sales Range

?

$2,116,675 - $3,241,997

HOMEH Estimate for 164 Milky Way Drive, Richmond Hill, Observatory

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$2,679,336Medium confidence
Based on 3 comparable properties
+ $20,664 (1%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

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Richmond Hill, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$540,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$0$0$0$0
=Total mortgage
$2,160,000$2,025,000$1,890,000$1,755,000
Amortization
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%
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%
Payment frequency
=Mortgage payment
$10,546monthly$9,887monthly$9,228monthly$8,569monthly
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Land Transfer Tax

Provincial

$53,975

Total Land Transfer Tax

$53,975

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